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Blog Post
November 08, 2023
How stable do emerging markets look now, in 2023? Which countries would be most and least resilient if another global adverse shock were to happen? A simple indicator constructed from a small set of economic and institutional variables was able to identify in 2019, prior to the COVID-19 pandemic and...
Blog Post
October 05, 2023
A year ago, the International Monetary Fund (IMF) announced that an alarming 60 percent of developing countries and 25 percent of emerging market economies were either in debt distress or at severe risk of default. The confluence of severe shocks in the period 2020-22, starting with the COVID-19 pan...
Blog Post
September 22, 2023
The IMF has now approved ten new loans to countries under its new Resilience and Sustainability Trust (RST), established in 2022 to provide financial support on concessional terms to countries facing long-term structural challenges arising from two key threats: climate change and pandemic preparedne...
Blog Post
June 08, 2023
Climate change will make many areas less easily habitable. Periodically, a call is made to give people moving out of those areas a particular set of rights: to establish a new protection category, a 21st-century ‘climate migrant’ status to match the asylum rights formalised in 1951. This call was re...
Blog Post
May 09, 2023
The climate-migration nexus is complex. Migration is not monocausal, and climate shocks are not the most important factors affecting movement: networks, education, resources, and other considerations all play a role in determining how people make migration choices. Complexity, however, is not a just...
Blog Post
December 19, 2022
One in five people on the planet live in countries at risk of debt distress. Yet the leaders and institutions that understand the challenge and could address it are instead virtue signaling and pointing the finger at others who share responsibly for a solution. We need a different approach—one that ...